Downtown South development

I used to live in that little 5 unit, single story apartment building on the corner of Montgomery and Clark. This is such a huge change to that neighborhood.

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We can either cut down trees in a smaller and more compact manner to be replaced with smarter, dense and less taxing on the environment development OR we can cut all the trees down between Raleigh and Virginia to the North and SC to the south to be replaced with cookie cutter cul de sacs that achieve the exact opposite of Smart Urban development…

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Did I say anything that put a value judgment on whether it was a good thing or a bad thing?

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Back to the point of this section; a Stadium.

Luke DeCock wrote a great article about how Raleigh has missed an opportunity yet again for MLS. Give him credit for tossing arrows directly at Raleigh’s billionaires who don’t seem to understand that these sports teams which they could pay for with a check add real value to a City. Good for him.

He also tosses a couple wild arrows at Raleigh ‘leadership’ (or lack therof) in general for being unable to get its sh## together a decade ago.

Well written Luke!!

https://www.newsobserver.com/sports/spt-columns-blogs/luke-decock/article238315783.html

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I agreed absolutely with him, it was leaders and billionaires who didn’t get it. Those leaders you’re referring to were un-elected this October-November but it was too late. Charlotte was already in the home-stretch. Not saying Raleigh completely out of it for 31 and 32. But now it’s harder than ever but we should use this moment to plaster on the old and new council and Wake County Commissioners and offcials to stop wasting time and that the “Nice Stuff” like MLS and Amazon (thought that turned out to be a fraud) and other corperate things are not on their time. Tepper did this in under a year, Malik and the lame-duck quant politicians here in Raleigh took 2 years, even with a headstart in ownership changes with Charlotte, and we we’re still beaten and let them win why because of Wake County Commissioners and slow feasibility studies and former Council-Member Kay Crowder, Stef Mendell, and yea maybe Tepper in part and maybe Mayor McFarland in part. So this could be used as a motivator to show the new council which looks more progressive on things like this except for (Lame-duck David Cox) to show them hey we’re not on there time we need to be quick fast and work out everything

And what mean by the “Nice Stuff” sure, Raleigh in term of population but if you look at it. When Raleigh is awarded with big opportunities like MLS and Amazon we need to take advantage of of it and get it so that when companies come in with the joba we could grow the city and get there to the rest of the cities, I’m just glad Raleigh figured that out this October. But damage is done.

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This project has been on hold for so long that I figured it must have been cancelled. It is by FMW who has developed a number of other apartment complexes along the Hillsbsough Street corridor this decade.

I’d really like to see FMW pick up the Two Guys project. Maybe scale it back to 4 or 5 stories instead of 7. Just do something with it.

Is that the thing there kinda adjacent to Target?

DeCock’ article was well-written, and incredibly frustrating. His points about the synergy of a single NHL and a MLS ownership group was interesting.
What’s the old quote- the saddest thing one can ever say is “what might have been.”

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How many millions did Dundon waste of AAF?

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That does make this particularly painful.

I thought he actually got the $75M back. Alot of it wasn’t binding, but he acquired gambling software rights that will eventually allow Vegas to do real time betting on individual NFL plays.

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Yeah, I had also heard that the investment was really a technology play. I have no idea how well that bet is going to pan out, but what I read suggested that it was never about trying to make money off of minor league football.

There’s a TBJ story about the Advance Auto Parts HQ.
They wanted to take a spot in Downtown South.

As for the Downtown South site, “they were telling me it will be available in the fall of 2021,” he says. But it became clear that the timing estimate was too optimistic. So North Hills became the pick.

It shows the importance of having the space already built if you want to entice HQs and large relocations. Of course you have to have deep pockets to build on spec. But big rewards to the developers who take the chance. Maybe one of these (up to 40 story) projects will build with this in mind.

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well I think, in this case Advanced Auto needed more certainty around move-in dates and North Hills was clearly ahead of where Downtown South is today.

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Official announcement today in Charlotte. That was fun while it lasted, let’s revisit this in a couple years.

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I don’t think they’ll share the stadium to long…:nerd_face:

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Good, I’m glad the are getting a minor league soccer club.

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I personally think they will share a new stadium for a while, it just won’t be BofA much longer. I think Tepper sees Atlanta as his dream scenario. Build a brand new state of the art stadium, and get Charlotte to kick in a few hundred million. Host both teams there, with the real possibility of also hosting a Super bowl. If owning a sports team is a billionaires vanity project, imagine how building a whole new stadium and hosting a super bowl would add on to that.

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MLS is European cosplay for millennial posers.

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